Tyler Technologies's Total Assets for the quarter that ended in Mar. 2024 was $4,609 Mil.
Warning Sign:
If a company builds assets at 27.5% a year, faster than its revenue growth rate of 15.8% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Tyler Technologies's average Total Assets Growth Rate was 0.50% per year.
During the past 3 years, the average Total Assets Growth Rate was 32.60% per year.
During the past 5 years, the average Total Assets Growth Rate was 27.50% per year.
During the past 10 years, the average Total Assets Growth Rate was 28.20% per year.
During the past 13 years, Tyler Technologies's highest 3-Year average Total Assets Growth Rate was 78.20%. The lowest was -46.10%. And the median was 7.30%.
Total Assets is connected with ROA %. Tyler Technologies's annualizedROA % for the quarter that ended in Mar. 2024 was 4.67%. Total Assets is also linked to Revenue through Asset Turnover. Tyler Technologies's Asset Turnover for the quarter that ended in Mar. 2024 was 0.11.
Tyler Technologies Total Assets Historical Data
The historical data trend for Tyler Technologies's Total Assets can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
Tyler Technologies's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Tyler Technologies (NYSE:TYL) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Mar. 2024) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
Tyler Technologies's Asset Turnover for the quarter that ended in Mar. 2024 is
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
Tyler Technologies Total Assets Related Terms
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Tyler Technologies (Tyler Technologies) Business Description
Tyler Technologies provides a full suite of software solutions and services that address the needs of cities, counties, schools, courts and other local government entities. The company's three core products are Munis, which is the core ERP system, Odyssey, which is the court management system, or CMS, and payments. The company also provides a variety of add-on modules and offers outsourced property tax assessment services.
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